Between 2008 and 2011, 26 major American corporations paid no net federal income taxes despite bringing in billions in profits, according to a new report (PDF) from the nonprofit research group Citizens for Tax Justice. CTJ calculates that if the companies had paid the full 35 percent corporate tax rate, they would have put more than $78 billion into government coffers.
Here's a look at the 10 most profitable tax evaders and the politicians their CEOs, employees, and PACs give the most money to.
Verizon Communications
General Electric
Boeing
NextEra Energy
American Electric Power
Pacific Gas & Electric
Apache
Consolidated Edison
CenterPoint Energy
and
The Walton family who owns Walmart and is the largest recipient of financial government aid and is the wealthiest family in America.